Regulatory Alerts2020-05-13 | C1-2020-05526Added · Updated
Updated Disclosure Requirements and Summary Prospectus for Variable Annuity and Variable Life Insurance Contracts Correction
The Securities and Exchange Commission issued a correction to its previously published rule document regarding updated disclosure requirements and summary prospectuses for variable annuity and variable life insurance contracts. The correction fixes a mathematical error in footnote 1056 concerning hyperlinking requirements for exhibits in registration statements and reports. Additionally, the Commission corrected the 'Rule 498a PRA Estimates' table on pages 26087–26089 to reflect accurate calculations for aggregate estimated time costs and burden hours.
For the Nuclear Regulatory Commission. Margaret M. Doane, Executive Director for Operations. [FR Doc. 2020–10087 Filed 5–12–20; 8:45 am] BILLING CODE 7590–01–P SECURITIES AND EXCHANGE COMMISSION 17 CFR Parts 200, 230, 232, 239, 240, 270, and 274 [Release Nos. 33–10765; 34–88358; IC– 33814; File No. S7–23–18] RIN 3235–AK60 Updated Disclosure Requirements and Summary Prospectus for Variable Annuity and Variable Life Insurance Contracts Correction In rule document 2020–05526 in the issue of Friday, May 1, 2020, make the following corrections:
- On page 26058, in the first column, footnote 1056 should read ‘‘1056The Commission recently adopted rules requiring registrants to include a hyperlink to each exhibit identified in the exhibit index in any registration statement or report that is required to include exhibits under 17 CFR 229.601 (Item 601 of Regulation S–K) or under Form F–10 or Form 20– F. In connection with this rulemaking, commenters indicated that hyperlinking would make it easier and reduce the amount of time required for investors to navigate to related documents. See Exhibit Hyperlinks and HTML Format, Release No. 34–80132 (Mar. 1, 2017) [82 FR 14130 (Mar. 17, 2017)] at nn.85 and 86. In 2019, the Commission adopted amendments to its investment company registration forms, including Forms N– 3, N–4, and N–6, to require hyperlinks to exhibits required to be filed with the registration statement. See FAST Act Adopting Release, supra note 501.
- The table entitled ‘‘Rule 498a PRA Estimates’’ appearing on pages 26087– 26089, should appear as follows: BILLING CODE 1301–00–D
ER13MY20.021</GPH>
1The Proposing Release included an aggregate estimate of 17,359 hours, which reflected a mathematical error. The table includes the corrected calculation based on the estimates in the Proposing Release. 2The Proposing Release included an aggregate estimated time cost equivalent of $5,565,971, which reflected a mathematical error relating to the estimated total annual burden hours. The table includes the corrected calculation based on the estimates in the Proposing Release. ER13MY20.022</GPH>
ER13MY20.023</GPH>
[FR Doc. C1–2020–05526 Filed 5–12–20; 8:45 am] BILLING CODE 1301–00–C
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